Giant gas field startup could transform Egypt

The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at the Mediterranean gas field less than two years after the company declared its initial commercial discovery, which Eni said was a record for a deep-water field like Zohr. Third quarter production for Eni averaged 1.8 million barrels of oil equivalent per day, up about 5.4 percent from the same period last year. Start ups and plans to ramp up production in the fourth quarter could bring that level to around 1.9 million boe on average, the highest level for Eni in seven years. By October, it was already […]